BitMEX parent organization HDR Global Trading Limited has become an accomplice of not-for-profit Shadowserver Foundation. HDR will support the philanthropic by offering $400,000 throughout the following four years.
BITMEX OPERATOR BECOMES MEMBER OF SHADOWSERVER INDUSTRY ALLIANCE
Shadowserver Foundation is an association that gathers and breaks down information on pernicious movement on the Internet. HDR has become an individual from the not-for-profit’s industry collusion planned for improving the Internet security.
Shadowserver was set up in 2004 and has been upheld solely by altruistic gifts and sponsorships. The association brands itself as one of the main Internet security detailing assets. It conducts examinations on malevolent movement and offers free open administrations for the Internet people group, supporting Internet specialist organizations (ISPs) to recognize and expel malware diseases.
The reports and administrations gave by Shadowserver are utilized by 107 national PC crisis reaction groups (CERTs) in 136 nations, more than 4,600 verified system proprietors, and over 90% of the Internet (by IPv4 space and ASN).
BitMEX fellow benefactor and CTO Samuel Reed remarked:
Shadowserver is an extremely highly regarded player in the botnet defence community. They work tirelessly and make a tangible difference to ensure the Internet is more secure for all users. Cross-industry collaboration is going to be essential to the future security of the Internet at large, and not least the cryptocurrency industry. We’re keen to play our part championing security over the long term by supporting such a brilliant organisation.
HDR’S HELP COMES AT THE RIGHT TIME
BitMEX’s parent decided to sponsor Shadowserver when it needed it the most. At the end of February, the nonprofit’s largest US sponsor, Cisco Systems, told the organization that it could no longer support it. As a result, the Internet security organization has called for help. Besides, it is planning to establish the Shadowserver Industry Alliance, which will be announced soon. HDR is already a member, but the alliance will include other founding anchor members too.
The foundation released several posts on its official website, calling for financial support. On the article reads:
The Shadowserver Foundation urgently needs your financial support, to help quickly move our data center to a new location and continue being able to operate our public benefit services.
While it is not clear whether HDR’s funds will be used for transferring the data center, BitMex parent’s funds will contribute to Shadowserver survival.